SALES FACTORY: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SALES FACTORY
Largest movements
- Tangible fixed assets -€36,936
down €36,936 (-37.7%), from €97,908 to €60,972
of which Furniture and vehicles: -€34,869
- Cash -€23,993
down €23,993 (-24.9%), from €96,193 to €72,199
mainly Contributions, distributions and other (-€75,734) and Current portion of long-term debt (-€12,898)
- Receivables within one year -€7,814
down €7,814 (-7.4%), from €105,015 to €97,201
of which Other amounts receivable: -€9,624
- Reserves -€75,734
down €75,734 (-41.4%), from €182,747 to €107,013
- Other debts +€38,997
up €38,997 (+294%), from €13,242 to €52,239
- Current portion of long-term debt -€12,898
down €12,898 (-50.1%), from €25,736 to €12,838
- Debts after one year -€12,838
down €12,838 (-33.9%), from €37,834 to €24,996
- Tax, wage and social debts -€12,702
down €12,702 (-49.8%), from €25,508 to €12,806
- Financial charges +€61,182
up €61,182 (+3,104%), from €1,971 to €63,153
- Taxes -€24,890
down €24,890 (-83.5%), from €29,815 to €4,925
- Gross operating margin -€24,709
down €24,709 (-18.3%), from €134,657 to €109,948
- Depreciation +€2,648
up €2,648 (+7.7%), from €34,289 to €36,936
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €300,136 | €231,429 | -€68,706 | -22.9% |
| Fixed assets | 21/28 | €97,908 | €60,972 | -€36,936 | -37.7% |
| Tangible fixed assets | 22/27 | €97,908 | €60,972 | -€36,936 | -37.7% |
| Plant, machinery and equipment | 23 | €2,515 | €447 | -€2,067 | -82.2% |
| Furniture and vehicles | 24 | €95,393 | €60,524 | -€34,869 | -36.6% |
| Current assets | 29/58 | €202,228 | €170,458 | -€31,770 | -15.7% |
| Amounts receivable within one year | 40/41 | €105,015 | €97,201 | -€7,814 | -7.4% |
| Trade receivables | 40 | €22,145 | €23,956 | +€1,810 | +8.2% |
| Other amounts receivable | 41 | €82,870 | €73,245 | -€9,624 | -11.6% |
| Cash at bank and in hand | 54/58 | €96,193 | €72,199 | -€23,993 | -24.9% |
| Deferred charges and accrued income | 490/1 | €1,020 | €1,058 | +€37 | +3.7% |
| Total equity and liabilities | 10/49 | €300,136 | €231,429 | -€68,706 | -22.9% |
| Equity | 10/15 | €192,087 | €118,665 | -€73,422 | -38.2% |
| Contributions | 10/11 | €8,055 | €8,055 | = | 0.0% |
| Reserves | 13 | €182,747 | €107,013 | -€75,734 | -41.4% |
| Distributable reserves | 133 | €182,747 | €107,013 | -€75,734 | -41.4% |
| Profit (loss) carried forward | 14 | €1,285 | €3,598 | +€2,313 | +180% |
| Amounts payable | 17/49 | €108,049 | €112,764 | +€4,715 | +4.4% |
| Amounts payable after more than one year | 17 | €37,834 | €24,996 | -€12,838 | -33.9% |
| Financial debts | 170/4 | €37,834 | €24,996 | -€12,838 | -33.9% |
| Amounts payable within one year | 42/48 | €70,215 | €87,768 | +€17,553 | +25.0% |
| Current portion of amounts payable after more than one year | 42 | €25,736 | €12,838 | -€12,898 | -50.1% |
| Trade debts | 44 | €5,729 | €9,884 | +€4,156 | +72.5% |
| Suppliers | 440/4 | €5,729 | €9,884 | +€4,156 | +72.5% |
| Taxes, remuneration and social security | 45 | €25,508 | €12,806 | -€12,702 | -49.8% |
| Taxes | 450/3 | €25,508 | €12,806 | -€12,702 | -49.8% |
| Other amounts payable | 47/48 | €13,242 | €52,239 | +€38,997 | +294% |
| Non-recurring operating income | 76A | €19,710 | - | -€19,710 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,289 | €36,936 | +€2,648 | +7.7% |
| Other operating charges | 640/8 | €2,174 | €2,621 | +€447 | +20.6% |
| Gross operating margin | 9900 | €134,657 | €109,948 | -€24,709 | -18.3% |
| Operating profit (loss) | 9901 | €98,195 | €70,391 | -€27,804 | -28.3% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €1,971 | €63,153 | +€61,182 | +3,104% |
| Recurring financial charges | 65 | €1,971 | €63,153 | +€61,182 | +3,104% |
| Profit (loss) for the period before taxes | 9903 | €96,225 | €7,238 | -€88,988 | -92.5% |
| Income taxes | 67/77 | €29,815 | €4,925 | -€24,890 | -83.5% |
| Profit (loss) for the period | 9904 | €66,410 | €2,313 | -€64,098 | -96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €66,410 | €2,313 | -€64,098 | -96.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.